Stock market midday report: Sensex down 1,292 points, Nifty around 16,189
- Sensex is currently trading at 54,084.42, up by 1,292.19 points or 2.45%
- Nifty is currently trading at 16,189.85, up by 380.45 points or 2.41%
- All Asian markets were trading higher on Friday
In the midday session, Indian equity indexes maintained their upward trend. The upswing in markets is mostly being driven by board-buying in real estate, metals, and healthcare counters. Blue-chip companies such as Dr Reddy's Lab, Nestle, and Hindustan Unilever saw healthy purchasing. statistics.
All Asian markets were trading higher with Hang Seng increasing 516.93 points or 2.57% to 20,637.61, Nikkei 225 surged 336.19 points or 1.27% to 26,739.03, Straits Times advanced 43.38 points or 1.36% to 3,234.09, Taiwan Weighted strengthened 124.53 points or 0.78% to 16,144.85, KOSPI rose 46.95 points or 1.81% to 2,639.29 and Jakarta Composite soared 119.11 points or 1.75% to 6,942.45 and Shanghai Composite was up by 46.19 points or 1.49% to 3,143.15.
Sensex is currently trading at 54,084.42, up by 1,292.19 points or 2.45% after trading in a range of 53,403.29 and 54,169.96. There were 29 stocks advancing against 1 stock declining on the index.
The broader indices were trading in green with the BSE Midcap index rising 1.34%, while the Small cap index was up by 1.33%. The top gaining sectoral indices on the BSE were Realty up by 2.72%, Metal up by 2.39%, Healthcare up by 2.35%, Auto up by 2.33% and FMCG was up by 2.27%, while there were no losers on BSE.
The top gainers on the Sensex were Dr Reddy's Lab up by 7.00%, Nestle up by 4.79%, Hindustan Unilever up by 3.52%, Sun Pharma up by 3.21% and Reliance Industries was up by 2.92%. On the flip side, Power Grid Corp down by 0.46% was the only loser.
Nifty is currently trading at 16,189.85, up by 380.45 points or 2.41% after trading in a range of 16003.85 and 16,225.05. There were 47 stocks advancing against 3 stocks declining on the index.
The top gainers on Nifty were Dr Reddy's Lab up by 6.81%, Nestle up by 4.81%, JSW Steel up by 4.22%, Tata Motors up by 4.15% and Cipla was up by 3.83%. On the flip side, UPL down by 0.79%, Shree Cement down by 0.66% and Power Grid was down by 0.42% were the top losers.